Kraken nets $750,000 for R&D

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Kraken Sonar announced Wednesday its subsidiary Kraken Sonar Systems has been awarded $750,000 in government funding for research and development.

The funding comes from the Research & Development Corp. of Newfoundland and Labrador and will be used to help develop Kraken’s Katfish sonar towfish platform, which generates real-time, ultra-high-resolution seabed imagery and maps for military and commercial applications.

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Kraken’s systems are primarily designed for unmanned drones, both for underwater and surface use.

“We are grateful to RDC for their support of our efforts and appreciate their thorough review of our development program. We look forward to continuing to develop innovative marine technologies and products to meet the ever-evolving demands of our growing customer base,” Kraken president and CEO Karl Kenny said in a news release.

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Organizations: R Development Corp. of Newfoundland and Labrador

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  • david
    November 28, 2015 - 14:57

    Rutter was quite successful...in getting free money here, but at very little else. Same business plan...?